Residential Loans

No matter the dollar amount, Home Equity Mortgage Corp. welcomes your application. We fund loans as low as $30,000. Loans over $1,000,000 will be considered on a case by case basis. HEMC offers a full range of residential loan options including:

Single Family Homes

Multi-Family

Townhouses

Condominiums

Condo/Hotels

Owner & Non-Owner Occupied

Loan to Value Ratio
Jumbo Loans

1st mortgage up to 75% LTV on purchases

Up to 65% LTV on refinances

2nd mortgage up to 65% LTV. No seasoning required

Mortgages over $1,000,000, loan to value 60%

Appraisals
Interest Rates

Loan under $150,000, not required

Loans over $150,000, on a case by case basis

Varies on the type of loan, type of property, LTV & terms

Rates on 1st mortgages will start from 9.49%

Rates on 2nd mortgage will start from 10.49%

All programs are based on fixed interested rates

Prepayment Penalties
Terms of Mortgages

None, on residential properties

Up to 20 years fully amortized

25 & 30 year amortization, with 10 year balloon

Interest only, up to 10 years

Click here to select a loan officer Click here to fill out an online application